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New Delhi: A total of six rounds of bidding took place on Day One of the auctions of radio frequency spectrum, or airwaves, for telecom operators with a total offer for Rs.60,000 crore, sources said on Wednesday. "We have received bids in all bands. There was some good bidding in the 800 MHz and 1,800 MHz bands, whereas 2,100 MHz is yet see some traction. Auction will continue tomorrow (Thursday)," ...
New Delhi: The Lok Sabha on Wednesday passed the coal allocation bill providing for vesting mining leases to successful bidders through a transparent bidding process. Replying to the debate on the bill, Coal Minister Piyush Goyal said there was no provision for denationalization and workers interests will not be compromised. He said the bill has been brought to ensure continuity in coal mining operations ...
Gold prices rose marginally by Rs 10 to Rs 27,060 per 10 grams at the bullion market today on scattered wedding season demand from jewellers amid a firm global trend. Silver, however, remained under selling pressure and lost Rs 200 at Rs 36,800 per kg. Traders said mild demand from jewellers, triggered by wedding season demand and a firming global trend amid signs that demand is rising in China, ...
From: Trustable Gold ...
March 5 (Reuters) - (in billion rupees) ------------------------------------------ 04/03 67.70 03/03 72.22 02/03 72.22 28/02 72.22 27/02 72.65 26/02 72.65 25/02 72.65 24/02 72.65 23/02 71.96 21/02 71.96 ...
March 5 (Reuters) - The Reserve Bank of India said on Thursday it accepted all 25 bids for 34.85 billion indian rupees ($559.30 million) at its one-day reverse repo auction, through which it absorbs liquidity from the banking system. For detailed results, please see the table below: --------------------------------------------------------------- REPO --------------------------------------------------------------- ...
The RBI warned on Wednesday against a stronger rupee, even as it helps ease inflationary pressures."The rupee has remained strong relative to peer countries. While an excessively strong rupee is undesirable, it too creates disinflationary impulses," RBI Governor Raghuram Rajan said in a statement.The rupee's mention comes as part of RBI's statement cutting rates unexpectedly.However, Rajan reiterated ...
Mumbai: India's largest mortgage lender State Bank of India (SBI) will decide on reducing its interest rates on the basis of emerging circumstances, its chairman said on Wednesday.Welcoming the Reserve Bank of India (RBI) decision to cut its key lending rates by 25 basis points (0.25%), SBI chairman Arundhati Bhattacharya said: "Our bank will take an appropriate call of a cut in base rate by looking ...

Today's picks

2013-02-19 18:00:00

NIFT Current: 5,898 (futures: 5,906) Target: NA Index remains range-bound between 5,870 and 5,925 with very nominal futures premium. The range today could be 5,850 or 5,950. Stop-loss shorts at 5,925 and stop-loss long positions at 5,975. A long 5,800p (19) and long 6,000c (21) could gain 10-12 if the market swings 50 points in either direction. STATE BANK OF INDIA Current price: Rs 2,263 Target price: ...

Today's picks

2013-02-09 18:00:00

NIFTY Current: 5,939 (futures: 5,964);Target: NAThe downtrend continued. Key support was tested at 5,930. A drop below 5,920 could mean a dip till 5,875. A bounce will hit resistance at 5,975-5,990. Futures premium has increased to 25, which may mean a pullback on short-covering. The bearspread of long 5,900p (48) versus short 5,800p (23) continues to look attractive.TATA STEEL Current price: Rs 390;Target ...
GLOBAL MARKETS ROUNDUP * Asian stocks slipped on Thursday after Wall Street continued to pull back from record highs ahead of Friday's closely-watched U.S. jobs data, while the nervous euro languished at an 11-year low prior to the European Central Bank's policy meeting. * The euro wallowed at its lowest in over 11 years against the greenback early on Thursday, having suffered a big setback as ...
* BOJ's ETF buying supports mood - analysts * Drugmakers outperform on strong U.S. healthcare shares * Rakuten falls after Goldman cuts rating By Ayai Tomisawa TOKYO, March 5 (Reuters) - Japan's Nikkei share average edged up on Thursday after the central bank bought more exchange-traded funds, but gains were limited by investor caution ahead of U.S. jobs data on Friday. The Nikkei ...
By Koh Gui Qing and Kevin Yao BEIJING (Reuters) - China on Thursday announced an economic growth target for this year of around 7 percent, signalling its lowest rate of expansion for a quarter of a century, and said it would increase government spending to support the slowing economy. Speaking at the opening of China's annual parliamentary meeting, Premier Li Keqiang vowed to fight corruption and ...
(Adds detail, context) By Megha Rajagopalan BEIJING, March 5 (Reuters) - China will boost its military spending by 10.1 percent this year to 886.9 billion yuan ($141.45 billion) as it cranks up its development of high-tech weapons systems, the government announced on Thursday. The spending increase, which will outpace China's slowing, single-digit GDP growth, builds on a nearly unbroken two-decade run ...
By Foo Yun Chee BRUSSELS (Reuters) - German car parts maker ZF Friedrichshafen [ZFF.UL] is set to win conditional European Union antitrust approval for its proposed $13.5 billion takeover of U.S. peer TRW Automotive Holdings Corp , two people with knowledge of the matter said on Wednesday. ZF, which is seeking to bulk up and expand into the potentially lucrative self-driving car market, offered ...
By Rajendra Jadhav KOCHI, India, March 4 (Reuters) - India's natural rubber imports could rise nearly 18 percent to a record 500,000 tonnes in the next financial year, buoyed by rising local consumption and lower prices overseas, industry officials said on Wednesday. Higher imports by the world's second-biggest consumer of rubber could support global prices, which have risen by more than a quarter ...
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